0001193125-12-371373.txt : 20120828 0001193125-12-371373.hdr.sgml : 20120828 20120828131158 ACCESSION NUMBER: 0001193125-12-371373 CONFORMED SUBMISSION TYPE: 13F-HR/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120828 DATE AS OF CHANGE: 20120828 EFFECTIVENESS DATE: 20120828 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PAR CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001051359 IRS NUMBER: 043153755 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR/A SEC ACT: 1934 Act SEC FILE NUMBER: 028-06766 FILM NUMBER: 121059266 BUSINESS ADDRESS: STREET 1: ONE INTERNATIONAL PLACE SUITE 2401 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6175268964 MAIL ADDRESS: STREET 1: ONE INTERNATIONAL PLACE SUITE 2401 CITY: BOSTON STATE: MA ZIP: 02110 13F-HR/A 1 d403741d13fhra.txt 13F-HR/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 6/30/2012 ---------- Check here if Amendment: [X]; Amendment Number: 2 --------- This Amendment (Check only one): [ ] is a restatement. [X] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: PAR Capital Management, Inc. Address: One International Place, Suite 2401 Boston, MA 02110 Form 13F File Number: 28-06766 -------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Steven M. Smith Title: Chief Operating Officer and General Counsel Phone: 617-526-8990 Signature, Place, and Date of Signing: /s/ Steven M. Smith Boston, MA 8/28/12 --------------------- --------------------------- ------------------- [Signature] [City, State] [Date] Report Type (Check one only): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ------------- Form 13F Information Table Entry Total: 65 ------------- Form 13F Information Table Value Total: $ 2,925,017 ------------- (thousands) List of Other Included Managers: None As of June 30, 2012 As of June 30, 2012

INVESTMENT DISCRESTION VOTING AUTHORITY (SHARES) SHR/ FAIR PRN/ TITLE OF CUSIP MARKET PRINCIPAL PUT/ SHARED OTHER NAME OF ISSUER CLASS NUMBER VALUE AMOUNT CALL SOLE SHARED OTHERS MANAGERS SOLE SHARED NONE -------------- --------- --------- ----------- ---------- ---- ---- ------ ------ -------- ---------- ------ ---- Acme Packet Inc. Common 4764106 2,072,015 111,100 SHR SOLE 111,100 Aetna Inc Common 00817Y108 65,909,000 1,700,000 SHR SOLE 1,700,000 Aixtron SE Spons ADR 009606104 9,744,580 680,963 SHR SOLE 680,963 Alaska Air Group Common 11659109 131,976,585 3,676,228 SHR SOLE 3,676,228 Allegiant Travel Co Common 01748X102 34,840,000 500,000 SHR SOLE 500,000 American Railcar Industries Common 02916P103 3,784,949 139,666 SHR SOLE 139,666 Ameristar Casinos Inc. Common 03070Q101 50,459,656 2,839,598 SHR SOLE 2,839,598 Atlas Air Worldwide Holdings Common 49164205 5,071,830 116,567 SHR SOLE 116,567 Avis Budget Group Inc. Common 53774105 107,085,383 7,045,091 SHR SOLE 7,045,091 Bally Technologies Common 05874B107 76,116,458 1,631,300 SHR SOLE 1,631,300 Boyd Gaming Common 103304101 27,358,524 3,799,795 SHR SOLE 3,799,795 BroadSoft Inc. Common 11133B409 5,526,237 190,889 SHR SOLE 190,889 Churchill Downs Common 171484108 50,406,840 857,405 SHR SOLE 857,405 Cypress Semiconductor Corp Common 232806109 25,814,416 1,952,679 SHR SOLE 1,952,679 Delta Airlines Inc. Common 247361702 295,650,000 27,000,000 SHR SOLE 27,000,000 Dollar Thrifty Automotive GP Common 256743105 184,501,768 2,278,925 SHR SOLE 2,278,925 Dover Motorsports Common 260174107 880,230 671,931 SHR SOLE 671,931 Eagle Materials Inc. Common 26969P108 5,040,900 135,000 SHR SOLE 135,000 Elan PLC Common 284131208 14,059,000 1,000,000 CALL SOLE 1,000,000 Expedia Inc. Common 30212P105 175,611,728 3,653,250 SHR SOLE 3,653,250 Express Scripts Inc. Common 302182100 51,028,620 914,000 SHR SOLE 914,000 First Marblehead Corp Common 320771108 702,000 600,000 SHR SOLE 600,000 General Motors Common 37045V100 3,816,806 193,550 SHR SOLE 193,550 Genesee & Wyoming Inc. Class A 371559105 7,470,625 141,382 SHR SOLE 141,382 Greenbrier Companies Inc. Common 393657101 15,118,800 860,000 SHR SOLE 860,000 Gulfport Energy Corp Common 402635304 2,782,966 134,899 SHR SOLE 134,899 Hercules Offshore Inc. Common 427093109 682,512 192,800 SHR SOLE 192,800 Humana Inc Common 444859102 50,676,736 654,400 SHR SOLE 654,400 IMAX Corp Common 45245E109 14,418,000 600,000 SHR SOLE 600,000 Informatica Corp. Common 45666q102 14,513,553 342,624 SHR SOLE 342,624 Isle of Capri Casinos Common 464592104 12,477,554 2,022,294 SHR SOLE 2,022,294 Jive Software Common 47760A108 11,227,866 534,915 SHR SOLE 534,915 Lakes Entertainment Inc Common 51206P109 3,819,051 1,316,914 SHR SOLE 1,316,914 Las Vegas Sands Corp Common 517834107 39,141,000 900,000 SHR SOLE 900,000 Lodgenet Entertainment Corp Common 540211109 3,733,500 2,850,000 SHR SOLE 2,850,000 Lone Pine Resources Inc. Common 54222A106 687,500 250,000 SHR SOLE 250,000 MarineMax Inc. Common 567908108 4,407,885 463,500 SHR SOLE 463,500 Medcath Corporation Common 58404W109 12,190,853 1,631,975 SHR SOLE 1,631,975 Melco Crown Entertainment Spons ADR 585464100 28,678,706 2,489,471 SHR SOLE 2,489,471 MGM Resorts Intl Common 552953101 41,571,000 3,725,000 SHR SOLE 3,725,000 MTR Gaming Group Inc. Common 553769100 4,925,712 1,036,992 SHR SOLE 1,036,992 Nuance Communications, Inc. Common 67020Y100 25,370,682 1,065,100 SHR SOLE 1,065,100 Orbitz Worldwide Inc Common 68557K109 89,808,593 24,605,094 SHR SOLE 24,605,094 Penn National Gaming Common 707569109 104,202,728 2,336,908 SHR SOLE 2,336,908 Pinnacle Enmt Common 723456109 3,608,462 375,100 SHR SOLE 375,100 Plains Exploration & Product Common 726505100 3,969,359 112,830 SHR SOLE 112,830 Pozen Inc Common 73941U102 14,750,883 2,367,718 SHR SOLE 2,367,718 Priceline.com Common 741503403 334,052,875 502,698 SHR SOLE 502,698 Pure Cycle Corp Common 746228303 12,437,234 5,982,970 SHR SOLE 5,982,970 Republic Airways Holdings Inc. Common 760276105 13,415,355 2,417,181 SHR SOLE 2,417,181 Salesforce.com Inc. Common 79466L302 12,650,790 91,500 SHR SOLE 91,500 Spirit Airlines Inc. Common 848577102 100,842,207 5,182,025 SHR SOLE 5,182,025 Terex Corp Common 880779103 1,961,300 110,000 SHR SOLE 110,000 The Manitowoc Company Inc. Common 563571108 7,686,900 657,000 SHR SOLE 657,000 Trex Company Common 89531P105 5,291,748 175,864 SHR SOLE 175,864 Trip Advisor Common 896945201 133,205,249 2,980,650 SHR SOLE 2,980,650 United Continental Holdings Common 910047109 114,380,342 4,701,206 SHR SOLE 4,701,206 United Rentals Inc. Common 911363109 44,851,547 1,317,613 SHR SOLE 1,317,613 UnitedHealth Group Inc Common 91324P102 146,250,000 2,500,000 SHR SOLE 2,500,000 Universal Health Services Class B 913903100 46,314,996 1,073,100 SHR SOLE 1,073,100 ValueVision Media Inc. Common 92047K107 10,088,000 4,850,000 SHR SOLE 4,850,000 VMware, Inc. Common 928563402 18,147,185 199,332 SHR SOLE 199,332 Wellpoint Inc. Common 94973V107 82,927,000 1,300,000 SHR SOLE 1,300,000 Zillow Inc. Common 98954A107 965,750 25,000 SHR SOLE 25,000 Zipcar Inc. Common 98974X103 1,857,105 158,321 SHR SOLE 158,321